CFPB exams to become more efficient, Antonakes says

The Consumer Financial Protection Bureau has not been in the supervision business long, but the bureau’s early efforts to scrutinize certain banks and nonbanks quickly earned the young regulator a negative reputation in some quarters. Acting CFPB Deputy Director Steve Antonakes addressed industry participants’ concerns during a speech before the American Bankers Association Government Relations Summit. Read on to learn what Antonakes had to say about the role enforcement attorneys play in CFPB examinations.